EXERCISE:TIME VALUE OF MONEY INSTRUCTIONS
explore the time value of money, the economic indicators, and you
will begin to address personal finance goals.
Please complete the all 4 sections (Time Value of Money, the Economic Indicators, the Personal
Finance Goals, and a Conclusion) on the Exercise: Time Value of Money.
Part 1: Time Value of Money
Enter your answers to the below 3 questions and bonus on the Exercise: Time Value of Money
Please make sure that you include your inputs and round out 2 decimal points for all answers.
For example: I want to see how much my $5,000 will be worth in 5 years if I can earn 4%.
PV = -5,000 (Make sure it is negative if you are paying the bank)
I/Y = 4 (Use the full number on the calculator and .04 if using Excel)
N = 5 (Use annual unless the question asks for monthly)
CPT FV = ANSWER rounded 2 decimal points
1. I want to be able to buy a car with cash in 3 years. I have $10,000 that I can invest today.
I can get a bond earning 2%. How much will I have for the purchase?
2. I want to buy a house in 4 years. I need to have a down payment of $50,000. How much
do I need to have today in order to have the down payment, if I can earn 3%?
3. I just graduated from school with $25,000 worth of debt. I want to know what my
monthly payment is going to be. I was able to finance it over 7 years at 6%.
? When it is monthly, you need to change the setting to 12 payments per year on the
calculator and divide the interest by 12 if you are using Excel.
? If you are paying out for a payment or the present value (most of the time you will be
using PV), then you need to enter it as a negative number.
? Try to estimate what you think it will be before completing the mathematical equation. If
you are getting a car payment of $1,000, then you probably entered something wrong.
? Always clear out the calculator after each problem (2nd FV).
Part 2: Economic Indicators
It is important to know what is going on in the economy. Please look up the following websites
and answer the below questions on the Exercise: Time Value of Money Template.
Page 2 of 2
1. From the Department of Labor, Bureau of Labor Statistics go to the Labor Force
Statistics from the Current Population Survey found in the Exercise: Time Value of
Money Recourses in the the Exercise: Time Value of Money Assignment. Scroll down
to “CPS News Release” and it will give you the Unemployment Rate (“UeR” in %
for last month) in the first sentence. Report the Unemployment Rate.
2. From the Department of Labor, Bureau of Labor Statistics go to the Customer Price
Index found in the Exercise: Time Value of Money Resources. Scroll down to the
“News Releases.” Report the change in CPI-U (Consumer Price Index for All Urban
Consumers) for the most recent month (as a percentage). Make sure to use the seasonally
adjusted rate. It is in the first sentence.
3. From the Bureau of Economic Analysis found in the Exercise: Time Value of Money
Resources, click on the “view” on the “The Gross Domestic Product” (GDP). Report the
quarterly change in GDP (as a percentage).
Part 3: Personal Financial Goals
Complete the chart on the Exercise: Time Value of Money Template. The suggested websites
for this part are Wise Bread, The Financial Diet, and 20 Something Finance. The suggested
app is Buxfer. These can all be found in the Exercise: Time Value of Money Resources.
Part 4: Conclusion
Write a conclusion about what you have learned between time value of money and
economic indicators and how that affects your goals
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.